The equity research analysts working for StockNews.com initiated coverage of Bunge in a report made available to the public on Thursday (NYSE: BG).
The stock of the basic materials company was recommended to be purchased by the investment company, which gave it a “buy” rating.
On February 8, Bunge’s most recent quarterly earnings report, traded on the NYSE under the symbol BG, was made public.
The earnings per share for the quarter for the basic materials company came in at $3.24, which was $0.05 higher than the consensus forecast of $3.19 for the company’s earnings per share.
The return on equity for Bunge was 22.89%, and the net margin for the company was 2.39%.
The company announced sales for the quarter of $16.66 billion, a significant decrease from the consensus projection of $18.20 billion in sales for the period.
During the same period the previous year, the corporation generated $3.49 per share earnings.
These earnings were achieved during the same period.
Bunge’s revenue fell by 0.1% when measured against the same quarter in 2017 compared to the current quarter.
Analysts in the industry predict that Bunge will generate 11.83 cents per share during the current fiscal year.
The share price on the NYSE BG was $96.79 when it opened on Thursday. 0.33 is the value represented by the debt-to-equity ratio, the current ratio, and the quick ratio. 1.75 is the value of the current ratio, and 0.87 is the value of the quick ratio. Currently, one share of the company’s stock is selling for $97.74, higher than its 50-day moving average but lower than its 200-day moving average of $96.99.
The company’s price-to-earnings ratio is 9.20, and its beta value is equal to 0.66.
The company’s total value, as represented by its market capitalization, is $14.51 billion.
The stock of Bunge reached its 52-week high of $128.40, while it reached its 52-week low of $80.41 during the same period.
It wasn’t until recently that various research analysts from various firms were allowed to share their thoughts on the stock. Robert W.
Baird lowered their price objective for Bunge from $127.00 to $115.00 and changed their rating from “outperform” to “neutral” in a public report on Thursday, February 9.
Both of these alterations were carried out. On December 13, the UBS Group released a report stating it would begin providing coverage of Bunge shares.
They suggested “buying” the stock and setting a price target of $133.00 for the share price of the company’s stock.
Eight of the nine analysts polled recommended purchasing shares of the company, while only one gave the company a rating of “hold,” which means maintaining current ownership.
The information from Bloomberg.com suggests that the stock is currently rated as a “Moderate Buy” and that the consensus price goal is $125.13.
In addition, the information indicates that the price target for the stock is $125.13.
Over the past few months, BG’s holdings have undergone some restructuring by several hedge funds and institutional investors. Raymond James Financial Services Advisors INC increased the amount of Bunge stock owned by 12.6% during the first three months of 2018. Raymond James Financial Services Advisors INC now has 17,858 shares in the basic materials business, currently valued at $1,979,000, thanks to purchasing an additional 1,994 shares during the period in question.
This brings the company’s total number of shares to 17,858. HighTower Advisors LLC purchased a new position in Bunge for nearly $494,000 during the first three months of this year.
During the first three months of the year, Yousif Capital Management LLC purchased an additional stake in Bunge equal to 6.5% of the company’s total shares. Yousif Capital Management LLC now has a total of 8,767 shares of the stock of the basic materials company after making an additional purchase of 535 shares during the time frame in question.
Each share of the company’s stock is worth approximately $970,000.
DURING THE FIRST THREE MONTHS OF THE YEAR, Prudential PLC made a new investment in Bunge, totaling nearly $530,000.
And finally, during the first three months of the year, Vanguard Group INC increased the amount of Bunge stock it held in its portfolio by 5.2%. Following the completion of the period, Vanguard Group INC acquired an additional 696,806 shares of the basic materials company’s stock, bringing the total number of shares it owns to 14,105,841.
The total value of the company’s stock holdings, as measured by their market value, is $1,563,069,000.
The majority of the company’s shares, or 82.62%, are held in institutional investors’ portfolios.
The holding company, Bunge Ltd, is engaged in transporting and distributing a wide range of agricultural goods.
The various aspects of their business that they concentrate on are agribusiness, refined and specialty oils, milling, sugar, and bioenergy.
The purchasing, warehousing, transporting, processing, and selling of agricultural commodities and commodity items are just some of the activities that fall under the umbrella term “agribusiness,” which includes a wide variety of other activities.